[Politics] Brexit

[Jim in the West]

Meanwhile...(courtesy of FT.com):

The growth of the UK economy is likely to be weaker than forecast in the second quarter of the year after industrial production, construction output and net trade fell more than expected in May. The figures from the Office for National Statistics are a blow to hopes that higher exports and manufacturing would offset a potential slowdown in consumer spending. The pound fell 0.67 per cent against the dollar to $1.2883 in afternoon trading. The data is likely to give pause to the Bank of England’s monetary policy committee as it considers whether to raise interest rates.

“This morning’s flurry of UK economic releases added a further dose of pessimism to our assessment of the UK economy’s performance through the second quarter,” said Victoria Clarke, an economist at Investec bank.“ Our forecast of a modest pick-up in (GDP) growth in quarter two, to 0.3 per cent, from 0.2 per cent in quarter one, looks to be on less solid ground now,” Ms Clarke said.

 

[Lincoln Imp]

Meanwhile...(courtesy of FT.com):

The growth of the UK economy is likely to be weaker than forecast in the second quarter of the year after industrial production, construction output and net trade fell more than expected in May. The figures from the Office for National Statistics are a blow to hopes that higher exports and manufacturing would offset a potential slowdown in consumer spending. The pound fell 0.67 per cent against the dollar to $1.2883 in afternoon trading. The data is likely to give pause to the Bank of England’s monetary policy committee as it considers whether to raise interest rates.

“This morning’s flurry of UK economic releases added a further dose of pessimism to our assessment of the UK economy’s performance through the second quarter,” said Victoria Clarke, an economist at Investec bank.“ Our forecast of a modest pick-up in (GDP) growth in quarter two, to 0.3 per cent, from 0.2 per cent in quarter one, looks to be on less solid ground now,” Ms Clarke said.

You will of course be accused of revelling in bad news by Brexit enthusiasts of the rictus smile persuasion (led this week by L. Fox). My concern is that the effects of planning to drive the country off a cliff will come too late for a last-minute swerve on the grass.

Brexiteers worry about the opposite of course. Brexiteers are worried that if sufficient numbers of people learn what's happening before it happens they might try to stop it happening. That's why they get cross about illuminating posts such as yours. It is also the reason at least one of their number on here becomes exercised about the prospect of asking the people for their views before all four wheels leave the ground.

 

[The Rivet]

My word this has become such a pathetic thread.

 

[JC Footy Genius]

My word this has become such a pathetic thread.

Sales of Incontinence pants are certainly on the rise once more. Apparently, we are in chaos, economic meltdown, have a pathetic weak pound, leaping of cliff edges etc

Which is why no one wants to invest here anymore ... (courtesy of the Times)

The number of foreign investment projects in Britain has hit record levels since the European Union referendum, according to government figures.

The Department for International Trade said that the volume of foreign direct investment projects in Britain grew by 2 per cent, with some 2,200 schemes across the country...

Foreign investment may have also benefited from the sharp fall in the pound after the referendum last June.

Dr Fox said: “Almost one year on since the EU referendum, the UK continues to attract record levels of inward investment and remains extremely attractive to foreign investors

“As an international economic department, we continue to promote the strengths of the UK as a great inward investment destination with an open, liberal economy, world-class talent and business-friendly taxation”

The department said that the investment created more than 75,000 jobs.

Foreign investors obviously have more faith and belief in this country than the remoaners .. no surprise there then.

 

[Jim in the West]

Sales of Incontinence pants are certainly on the rise once more. Apparently, we are in chaos, economic meltdown, have a pathetic weak pound, leaping of cliff edges etc

Which is why no one wants to invest here anymore ... (courtesy of the Times)

The number of foreign investment projects in Britain has hit record levels since the European Union referendum, according to government figures.

The Department for International Trade said that the volume of foreign direct investment projects in Britain grew by 2 per cent, with some 2,200 schemes across the country...

Foreign investment may have also benefited from the sharp fall in the pound after the referendum last June.

Dr Fox said: “Almost one year on since the EU referendum, the UK continues to attract record levels of inward investment and remains extremely attractive to foreign investors

“As an international economic department, we continue to promote the strengths of the UK as a great inward investment destination with an open, liberal economy, world-class talent and business-friendly taxation”

The department said that the investment created more than 75,000 jobs.

Foreign investors obviously have more faith and belief in this country than the remoaners .. no surprise there then.

If you look at the trend, FDI is slowing....and it is only FDI that is keeping the Pound at its current level. The trend will soon be down, and I'd be surprised if GBP didn't deteriorate further in the next year. This will add to inflation, and we'll all be even poorer as a result. Happy days!

 

[Lincoln Imp]

And of course 90 percent of the Brexit news in the paper he quotes paints a gloomier view. Well done to him for seeking it out though.

 

[The Rivet]

Sales of Incontinence pants are certainly on the rise once more. Apparently, we are in chaos, economic meltdown, have a pathetic weak pound, leaping of cliff edges etc

Which is why no one wants to invest here anymore ... (courtesy of the Times)

The number of foreign investment projects in Britain has hit record levels since the European Union referendum, according to government figures.

The Department for International Trade said that the volume of foreign direct investment projects in Britain grew by 2 per cent, with some 2,200 schemes across the country...

Foreign investment may have also benefited from the sharp fall in the pound after the referendum last June.

Dr Fox said: “Almost one year on since the EU referendum, the UK continues to attract record levels of inward investment and remains extremely attractive to foreign investors

“As an international economic department, we continue to promote the strengths of the UK as a great inward investment destination with an open, liberal economy, world-class talent and business-friendly taxation”

The department said that the investment created more than 75,000 jobs.

Foreign investors obviously have more faith and belief in this country than the remoaners .. no surprise there then.

Seems to me JC the only TRUE fdi figures come from anybody but the ONS. Oh, and some papers of course................

 

[wellquickwoody]

No trade deal,then?

You deny it if you want, but it is all over the press, newspapers, radio and TV, but you feel free to carry on denying it.

 

[The Rivet]

You deny it if you want, but it is all over the press, newspapers, radio and TV, but you feel free to carry on denying it.

He is right quickthick. It is a proposal until ratified. Yes it looks likely but as yet it is not real or legally in force. Stop arguing like a pair of frustrated housewives!

 

[studio150]

Sales of Incontinence pants are certainly on the rise once more. Apparently, we are in chaos, economic meltdown, have a pathetic weak pound, leaping of cliff edges etc

Which is why no one wants to invest here anymore ... (courtesy of the Times)

The number of foreign investment projects in Britain has hit record levels since the European Union referendum, according to government figures.

The Department for International Trade said that the volume of foreign direct investment projects in Britain grew by 2 per cent, with some 2,200 schemes across the country...

Foreign investment may have also benefited from the sharp fall in the pound after the referendum last June.

Dr Fox said: “Almost one year on since the EU referendum, the UK continues to attract record levels of inward investment and remains extremely attractive to foreign investors

“As an international economic department, we continue to promote the strengths of the UK as a great inward investment destination with an open, liberal economy, world-class talent and business-friendly taxation”

The department said that the investment created more than 75,000 jobs.

Foreign investors obviously have more faith and belief in this country than the remoaners .. no surprise there then.

Well done on the superb editing in leaving out some of the detail in relation to the released figures.

Just for balance, the following is also from the figures you reference

The rate at which foreign investment into the UK is creating new jobs is slowing as Britain heads towards the exit door of the EU, Government figures show.

Statistics published by the Department for International Trade (DIT) today show new jobs created by foreign investment fell by 9 per cent last year, with the number of company expansions also falling.

Jobs created in 2015/16 were 82,650, calling to 75,226 in 2016/17, the Department said. Firms expanding were down from 821 to 782.


But we must all be positive regardless of the failures

 

[pastafarian]

Lol. We had a prime minister picked by a band of MPs (same way we get leaders of the EU) and after an election we are being run by Northern Ireland. Huzzah for that sovereignty. Is this the panacea you voted for?

What are you rambling about? The Current make up of our parliament has no bearing at all to the returning of more sovereign powers from Brussels back to Westminster. Both areas are completely separate voting issues. This is frankly quite obvious but since you are believing we are now being run by Northern Ireland, im going to put you down as one of those hysteric types who has lost a sense of perspective

 

[daveinprague]

We have our sovereignty back. Thats all that matters!. We never lost it but we are getting it back. Its a victory.

 

[pastafarian]

I'm not at all convinced. I believe that many remainers want us to be hit by EU penalties and have our economy fail simply to prove their point. Do not underestimate the revenge-lust of a remainer scorned.

Correct,There is definitely a hardcore that wish economic disaster, the foolish and the liars and deniers will screech and pretend this isn’t true, probably call you ridiculous for saying it but when you get comments like the one below you know it’s a thought process festering amongst some of lunatic fringe…….because lets face it, it is absolute lunacy to wish economic hardship on your own country.

As a remainer, and a proud Brit, I'm torn - do I want the economy to implode (which will cause me short term harm), or do I want things to be relatively OK in the short term, but then suffer the long term consequences of Brexit? After consideration, I've decided the former is much better. The worse things get, the more likely SOMEONE in power might realise this whole Brexit thing is an utter, utter disaster. Fortunately (given my choice), the UK economy is going to get a whole load worse in the coming months.

An imploding economy is much better? Fortunately things are going to get worse? The "proud Brit" even encourages his " fellow countrymen" to hasten up the demise by stopping spending, and shipping all their assets overseas.

My advice to my fellow countrymen is to batten down the hatches, transfer your savings/investments overseas, and pray that we can somehow find a politician brave enough to stop the madness of Brexit.

Can you imagine how utterly destructive these types of people would be if they didnt like the UK instead?
It was nice to see the ultra remainers queuing up to tell him these are reprehensible viewpoints.........oh wait.

 

[nicko31]

Meanwhile...(courtesy of FT.com):

The growth of the UK economy is likely to be weaker than forecast in the second quarter of the year after industrial production, construction output and net trade fell more than expected in May. The figures from the Office for National Statistics are a blow to hopes that higher exports and manufacturing would offset a potential slowdown in consumer spending. The pound fell 0.67 per cent against the dollar to $1.2883 in afternoon trading. The data is likely to give pause to the Bank of England’s monetary policy committee as it considers whether to raise interest rates.

“This morning’s flurry of UK economic releases added a further dose of pessimism to our assessment of the UK economy’s performance through the second quarter,” said Victoria Clarke, an economist at Investec bank.“ Our forecast of a modest pick-up in (GDP) growth in quarter two, to 0.3 per cent, from 0.2 per cent in quarter one, looks to be on less solid ground now,” Ms Clarke said.

Just bumps in the road on the way to utopia. Manufacturing unexpectedly fell in May, 3rd successive month of falling car sales.

 

[Berty23]

Correct,There is definitely a hardcore that wish economic disaster, the foolish and the liars and deniers will screech and pretend this isn’t true, probably call you ridiculous for saying it but when you get comments like the one below you know it’s a thought process festering amongst some of lunatic fringe…….because lets face it, it is absolute lunacy to wish economic hardship on your own country.



An imploding economy is much better? Fortunately things are going to get worse? The "proud Brit" even encourages his " fellow countrymen" to hasten up the demise by stopping spending, and shipping all their assets overseas.



Can you imagine how utterly destructive these types of people would be if they didnt like the UK instead?
It was nice to see the ultra remainers queuing up to tell him these are reprehensible viewpoints.........oh wait.

Personally I think the absolute lunacy was to vote for something that will inevitably cause economic hardship on your country so that you can feel like you have sovereignty back and order a quarter of sweets.

To think people want us to fail is just bizarre. We don't want us to fail which is why we don't want to leave. It really is that simple.

 

[Deleted member 22389]

Personally I think the absolute lunacy was to vote for something that will inevitably cause economic hardship on your country so that you can feel like you have sovereignty back and order a quarter of sweets.

To think people want us to fail is just bizarre. We don't want us to fail which is why we don't want to leave. It really is that simple.

Show me an example where voting Leave has created economic hardship. There are many other external factors, how about there being too many people and not enough decent jobs to go around. Over population is our biggest problem not helped by free movement from the EU, and immigration from outside the EU.

 

[Jim D]

Correct,There is definitely a hardcore that wish economic disaster, the foolish and the liars and deniers will screech and pretend this isn’t true, probably call you ridiculous for saying it but when you get comments like the one below you know it’s a thought process festering amongst some of lunatic fringe…….because lets face it, it is absolute lunacy to wish economic hardship on your own country.



An imploding economy is much better? Fortunately things are going to get worse? The "proud Brit" even encourages his " fellow countrymen" to hasten up the demise by stopping spending, and shipping all their assets overseas.



Can you imagine how utterly destructive these types of people would be if they didnt like the UK instead?
It was nice to see the ultra remainers queuing up to tell him these are reprehensible viewpoints.........oh wait.

I wonder if this is just a situation that will stop when we actually leave in March 2019. I can accept that people will fight to remain until there's no longer a chance but they should accept it or start up their own party (UKEUP - UK in the EU Party)? Maybe Tony Blair could lead it.

 

[El Presidente]

Show me an example where voting Leave has created economic hardship.

1:Inflation has risen, this means that those on fixed incomes are worse off and suffering economic hardship. In addition real wages are now negative, causing hardship for those on low incomes.

2:There are presently 40,000 NHS nursing vacancies in the UK, twice the number as two years ago. Recruiting from the EU helped to alleviate the gap, but since Brexit numbers of EU nurses coming to the UK has fallen by 90%. This has caused hardship for those sick and needy who have been denied operations and care.

 

[JC Footy Genius]

Well done on the superb editing in leaving out some of the detail in relation to the released figures.

Just for balance, the following is also from the figures you reference

The rate at which foreign investment into the UK is creating new jobs is slowing as Britain heads towards the exit door of the EU, Government figures show.

Statistics published by the Department for International Trade (DIT) today show new jobs created by foreign investment fell by 9 per cent last year, with the number of company expansions also falling.

Jobs created in 2015/16 were 82,650, calling to 75,226 in 2016/17, the Department said. Firms expanding were down from 821 to 782.


But we must all be positive regardless of the failures

First point .. It's a Times article, they supported Remain. Second I didn't edit the article to leave out any negative data. The article in full.

The number of foreign investment projects in Britain has hit record levels since the European Union referendum, according to government figures.

The Department for International Trade said that the volume of foreign direct investment projects in Britain grew by 2 per cent, with some 2,200 schemes across the country. The figures were released as Liam Fox, the trade secretary, travelled to France for a meeting with Jean-Baptiste Lemoyne, President Macron’s Europe minister, to discuss French investments in Britain. France is the third-largest investor in Britain but Mr Macron has been at the vanguard of insisting that the British government cannot “cherry pick” the benefits of the EU.

Leading business figures met last night with David Davis, the Brexit secretary, at Chevening, the foreign secretary’s grace-and-favour country retreat, to discuss their concerns for transitional arrangements.

Business investment has generally held up better than economists predicted in the face of uncertainty over Britain’s trading relationship with its largest partner.

Foreign investment may have also benefited from the sharp fall in the pound after the referendum last June.

Dr Fox said: “Almost one year on since the EU referendum, the UK continues to attract record levels of inward investment and remains extremely attractive to foreign investors

“As an international economic department, we continue to promote the strengths of the UK as a great inward investment destination with an open, liberal economy, world-class talent and business-friendly taxation”

The department said that the investment created more than 75,000 jobs.

The US was the biggest investor with 577 projects in the UK. China, including Hong Kong, was in second place with 160 projects. France was third with 131 followed by last year’s third placed investor India, Australia and New Zealand with 127 projects each.

https://www.thetimes.co.uk/past-six...ows-britain-still-open-for-business-vv0n258m5

On the longer term trends a survey of global investors found more of them thought we would be a more attractive place to invest than not in the coming three years (reported in the Independent/Daily Remoaner).

 

[Deleted member 22389]

1:Inflation has risen, this means that those on fixed incomes are worse off and suffering economic hardship. In addition real wages are now negative, causing hardship for those on low incomes.

2:There are presently 40,000 NHS nursing vacancies in the UK, twice the number as two years ago. Recruiting from the EU helped to alleviate the gap, but since Brexit numbers of EU nurses coming to the UK has fallen by 90%. This has caused hardship for those sick and needy who have been denied operations and care.

That 90% figure is in dispute. I have listened to a few nurses on LBC over the weeks, and none of them have mentioned Brexit. If anything it is the working conditions, and I also believe new language tests or something like that has resulted in these extra vacancies.